How Much Will My Renovation Cost – Learn the average home renovation costs per square foot. Find out the factors that affect the cost of home renovations.
How much does a home renovation cost? What factors should you consider when determining an estimate for your next home improvement project?
How Much Will My Renovation Cost
Estimating home renovation costs doesn’t have to be complicated or time-consuming, especially if you have the right information and tools to guide you.
Costs To Renovate A Retail Or Business Location
So whether you’re a general contractor, estimator, or homeowner preparing a cost estimate for your next home improvement project, here’s what you’ll learn at the end of this blog.
Disclaimer: Prices stated here are based on average data from third party research. Prices may still vary due to seasonal and supplier differences.
On average, home renovations or renovations cost $15-$60 per square foot. According to HomeGuide, completely remodeling a 3-bedroom home typically costs between $20,000 and $25,000.
However, it is important to note that construction costs have increased due to labor and supply shortages during the COVID-19 pandemic. This year, prices have increased by 10% with many parts of the country experiencing longer delivery times. Thus, in addition to factors like location and size, inflation is something to consider.
Budget Friendly Home Renovation Ideas For Every Room
The table below shows a summary of the standard range, low-end costs, high-end costs, and national average repair costs in the United States.
Long Island and New York have the highest renovation costs, ranging from $25 to $150 per square foot. Jacksonville, Florida, on the other hand, has very affordable renovation costs, ranging between $15 and $60 per square foot.
The table below shows a summary of average repair costs in the United States. This includes the low-end and high-end cost per square foot in US dollars.
The column chart below visually compares the differences in average repair costs between cities in the United States. The red column shows the high-end costs of the cities, and the blue column shows the low-end costs.
Tips For Hiring A Contractor For Home Renovation
According to the chart below, the National Association of Home Builders (NAHB) recommends spending a certain percentage of a home’s value on a room or upgrade. A standard bedroom renovation should cost up to 3% of the home’s total value. At the same time, the kitchen should only cost up to 16% of the total value of the house.
If you spend too much, the value of the renovation won’t add proportionally to the value of your home.
The type of home is another factor that affects the cost per square foot of remodeling. Typically, homeowners spend $15-$60 per square foot for an entire home renovation. However, the type of home being remodeled can affect the final costs. For example, historic homes can cost up to $400 per square foot to renovate. It is more expensive than an apartment which only costs between $25-$60 per square foot.
Historic homes are more expensive to renovate because they must meet today’s safety standards. For example, their plumbing system should be updated to avoid issues with broken pipes and tree roots. Buildings should also be inspected for pests like termites. Another reason historic homes have high renovation costs is that they may require materials or renovation methods that are no longer in use.
How Much Does It Cost To Finish An Attic?
The stacked bar chart below compares the difference in average repair costs between different types of homes in a stacked bar chart. The blue columns show the low-end costs and the red columns show the high-end costs of each housing type.
The stacked bar chart below visually compares the difference in costs between different types of rooms or living spaces. The blue columns show the low-end costs and the red columns show the high-end costs for each room type.
Renovating an attic often involves adding insulation, installing a fan, and drywalling. Generally, it costs about $30-$60 per square foot. But if the attic is converted into living space, such as a library or children’s playroom, the cost can be as high as $200 per square foot.
Basement remodeling can be anything from installing a new floor, adding electrical or plumbing, or building modules. The average cost of this type of project is between $100-$300 per square foot.
Kitchen Renovation Cost In 2023
Renovating your bathroom can cost $120 – $275 per square foot, depending on the quality of materials used. Bathroom renovations usually include updating lighting fixtures, showers, countertops, toilets, and more.
Bedroom remodeling can cost anywhere from $15 to $40 per square foot, but that will depend on what needs to be done. For a low-end bedroom remodel, the cost can be around $4,000. A mid-level renovation typically costs around $20,000, while a high-end renovation such as changing the attic in a bedroom can cost up to $40,000.
A DIY garage renovation typically involves painting the walls, putting up shelves, and refinishing the floor. These standard renovations can cost $2 – $5 per square foot. In contrast, major garage renovations that involve hiring a general contractor, securing permits, and building walls may cost more than $86 per square foot.
The average cost of gutting and remodeling a home ranges from $60-$150 per square foot. Such renovations include structural improvements, new electrical and plumbing, and the installation of a new HVAC system.
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Depending on the size and quality of materials used, the average kitchen remodel can cost between $100 and $250 per square foot. Smaller remodels that include very light touch-ups on the backsplash, countertops, and light fixtures can cost between $5,000-$20,000. In contrast, a high-end kitchen renovation that includes custom tilework and cabinets, updated faucets, and a floor redesign. The plan can cost between $60,000 and $125,000.
Living room remodeling ranges from $10 to $60 per square foot. Thus, when remodeling a 300-square-foot room, you can expect to pay between $3,000 and $18,000, or an average of $10,500. Living room renovations may include adding storage units, adding light fixtures, installing new windows. , or cleaning walls.
Home renovation work can cost anywhere from $20 – 200+ per hour, but it depends on the construction professional’s service and skill level. Here are some typical prices for each professional job.
Structural changes, electrical and plumbing work, along with other major repairs often require a permit to ensure they are done in accordance with current building codes. Permits for smaller projects, such as kitchen or bathroom renovations, cost between $50 – $300. On the other hand, building permits cost up to $1,800. It’s important to check with local authorities for more accurate pricing and to determine what permits are required before starting a home remodeling project.
Should You Renovate Your House Before Selling? Check The Roi First!
Before renovating the house, it is important to determine the costs and budget first. Careful planning by considering the various factors that affect final costs can help prevent cost overruns and ensure you’re happy with the end result. Refer to updated prices based on factors such as location, building size, labor costs, and materials.
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Construction cost estimating software is a game changer for companies in the construction industry. With features that automate tedious tasks and provide accurate estimates, it can help increase productivity and profitability while reducing errors.
Find out what construction estimator software is, its benefits and features, the different types available on the market today, and how it’s changing the industry for contractors. Your bedroom is your sanctuary. This is where you go to relax and unwind either alone or with family. So if the space is looking run down or doesn’t reflect your style or what you want the space to be, it might be time to remodel.
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There are many different ways to remodel a bedroom, including expanding to create more space, adding custom closets, and updating floors, walls, and lighting. You may even choose to update your furniture.
The national cost range for a bedroom remodel ranges from $14,000 to $40,000, with most homeowners spending about $21,000 on a 12′ x 18′ bedroom remodel that includes hardwood floors, custom closets, painted walls. and ceiling, crown molding included. , and a new bed frame. The minimum cost of this project is $7,000 for new carpet and wall paint in a 10×10 bedroom. The maximum cost of this project is $70,000 for 350 square feet. Remodel master bedroom with ensuite bath, hardwood floors, wallpapers, 2 walk-in closets, new doors and windows, lighting, and bedroom set.
Bedrooms come in different sizes, types and locations. They can have attached bathrooms, be located in the attic, garage, or basement, or be a simple child’s or guest bedroom. The costs of what you do at a place vary by its size and location. Some are more challenging and more expensive to rebuild than others. Below are average cost ranges for various bedroom remodels. Costs are based on the average size of each room.
The average mobile home bedroom remodeling cost is $5,000 to $10,000. Most mobile homes have bedrooms that
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